Is Funko (FNKO) Stock Outpacing Its Consumer Discretionary Peers This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Funko (FNKO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Funko is one of 245 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. FNKO is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FNKO's full-year earnings has moved 1.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, FNKO has returned 98.95% so far this year. In comparison, Consumer Discretionary companies have returned an average of 6.87%. This means that Funko is performing better than its sector in terms of year-to-date returns.
To break things down more, FNKO belongs to the Consumer Products - Discretionary industry, a group that includes 21 individual companies and currently sits at #188 in the Zacks Industry Rank. This group has gained an average of 5.35% so far this year, so FNKO is performing better in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to FNKO as it looks to continue its solid performance.
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